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Friday, March 8, 2024

GD Dividend Increase

General Dynamics (GD) increased its quarterly dividend by 7.58%, from $1.32 to $1.42 per share.

The dividend will be paid on 10 May to shareholders of record on 12 April. The ex-dividend date is 11 April.

GD's contribution to DivGro's projected annual dividend income will increase by $40 to $568.

I own 100 shares of GD at an average cost basis of $120.86 per share. Following this increase, my yield on cost is 4.70%. (GD's forward yield is 2.08% at $273.22 per share). 

GD became DivGro's 1st Home Run stock in October 2014, when the stock doubled my original capital outlay.

5-Year History of Dividend Payouts by Ex-Date
2019 2020 2021 2022 2023 2024
$3.990 $4.320 $4.670 $4.970 $5.220 $5.580
9.92% 8.27% 8.10% 6.42% 5.03% 6.90%
5-year DGR: 5.33% 6.94%
projected, assuming no further changes

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